Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government whether, following the announcement by the Prime Minister's Office of 22 July, Cheaper travel for millions with a third off fares, whether funding provided through the Climate Finance Accelerator will be provided in the form of loans rather than grants; if so, how much funding is affected; and what the terms of the loans will be.

No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.